Question

Presented below is information related to Schoenthaler Corporation:

Common Stock , $5 par $1,100,000
Paid-in Capital in Excess of Par - Common Stock 400,000
Preferred 5 ½% Stock, $100 par 1,500,000
Paid-in Capital in Excess of Par—Preferred Stock 500,000
Retained Earnings 2,000,000
Paid-in Capital from Treasury Stock 150,000
The total stockholders' equity of Schoenthaler Corporation is______.

Answer 1

The total stockholders' equity of Schoenthaler Corporation is calculated by summing up the various components of equity, resulting in a total of $5,650,000.

Step-by-step explanation:

The total stockholders' equity of Schoenthaler Corporation can be calculated by adding up the values of all the equity accounts.

This includes the Common Stock, Paid-in Capital in Excess of Par - Common Stock, Preferred 5 ½% Stock, Paid-in Capital in Excess of Par—Preferred Stock, Retained Earnings, and Paid-in Capital from Treasury Stock. We do not need to deduct any treasury stock since the information is not provided, so the calculation is simply the sum of these values.

Total Stockholders' Equity = Common Stock + Paid-in Capital in Excess of Par - Common Stock + Preferred 5 ½% Stock + Paid-in Capital in Excess of Par—Preferred Stock + Retained Earnings + Paid-in Capital from Treasury Stock.

Total Stockholders' Equity = $1,100,000 (Common Stock) + $400,000 (Paid-in Capital in Excess of Par - Common Stock) + $1,500,000 (Preferred Stock) + $500,000 (Paid-in Capital in Excess of Par—Preferred Stock) + $2,000,000 (Retained Earnings) + $150,000 (Paid-in Capital from Treasury Stock) = $5,650,000.